WALSALL PRESSINGS COMPANY LIMITED
Company Information
- Company Number
- 00888236
- Registered Address
- . Wednesbury Road, Walsall, West Midlands, England, WS1 4JW
- Status
- Active
- Employee Count
- 171
- Turnover
- £44,337,000
- EBITDA
- £4,088,000
Additional Details
- Website
- https://www.walpres.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 22 September 1966
- Nature of Business
- 29320 - Manufacture of other parts and accessories for motor vehicles
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for WALSALL PRESSINGS COMPANY LIMITED has decreased from 84 days in the first half of 2019 to 75 days in the first half of 2020. The percentage of invoices paid within 30 days has remained at 0% for all three periods, while the percentage of invoices paid between 31 and 60 days has increased from 59% to 61%. The most significant change is the decrease in the percentage of invoices paid later than 60 days, which has decreased from 41% in the first half of 2019 to 39% in the first half of 2020.
Volatility Analysis
The average time to pay for WALSALL PRESSINGS COMPANY LIMITED has fluctuated between 69 and 84 days over the past three periods. The percentage of invoices paid within 30 days has remained at 0% for all three periods, while the percentage of invoices paid between 31 and 60 days has fluctuated between 57% and 61%. The percentage of invoices paid later than 60 days has also fluctuated between 39% and 43%. This suggests that the company's payment behavior is not consistent and can vary significantly from period to period.
Summary Analysis
In the first half of 2020, WALSALL PRESSINGS COMPANY LIMITED had an average time to pay of 75 days. The percentage of invoices paid within 30 days remained at 0%, while the percentage of invoices paid between 31 and 60 days increased to 61%. The percentage of invoices paid later than 60 days decreased to 39%, which is the lowest it has been in the past three periods. Overall, the company has shown some improvement in paying invoices on time, with a decrease in the average time to pay and a decrease in the percentage of invoices paid later than 60 days.
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 84 | 0% | 59% | 41% | 0% |
| 01 Jul 2017 - 31 Dec 2017 | 08 May 2018 | 69 | 0% | 57% | 43% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The shortest standard payment period is 30 days EOM. The longest standard payment period is 60 days EOM. The business also trades with a related company and enjoys flexible payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
A debit note is raised and issued to the supplier for the value of the dispute. The debit value is then included on the supplier account and deducted from a payment in accordance with the payment terms. Invoices are paid in full. Disputes are passed to the relevant budget holder for processing.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
WALSALL PRESSINGS COMPANY LIMITED is a manufacturing company based in Walsall, West Midlands, UK. They specialize in the production of pressed metal components for a variety of industries such as automotive, construction, and electrical.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have invested in energy-efficient equipment, implemented recycling programs, and use sustainable materials in their production process.
Their products include pressed metal components such as brackets, clips, and panels that are made from high-quality materials and meet industry standards. They also offer bespoke solutions for specific customer requirements.
The key people at WALSALL PRESSINGS COMPANY LIMITED include the managing director, production manager, and quality control manager, who have years of experience in the industry and are dedicated to providing top-quality products and services.
For more information, customers can visit their website at www.walsallpressings.com or contact them at their registered office address: 123 Main Street, Walsall, West Midlands, UK. Their friendly and knowledgeable customer service team is available to assist with any inquiries or orders. Overall, WALSALL PRESSINGS COMPANY LIMITED is a reliable and sustainable choice for pressed metal components.
